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31 Mar 2014
CAD net short position is halved - Scotia
FXStreet (Bali) - As Scotia Bank notes, the latest commitment of traders reports saw CAD net shorts reduced by half.
Key Quotes
"For CAD, a combination of the passing of the Poloz-induced headache and the ultimate signal of a more confident FOMC more than halved the net short position—by $3.3bn to $3.0bn. Details
included the greatest w/w short covering in three years and the largest bullish build since late September 2013."
"AUD sentiment also improved on similar details as a result of the improvement in global growth expectations, with the net short narrowing to its smallest level since first turning bearish in May 2013."
Key Quotes
"For CAD, a combination of the passing of the Poloz-induced headache and the ultimate signal of a more confident FOMC more than halved the net short position—by $3.3bn to $3.0bn. Details
included the greatest w/w short covering in three years and the largest bullish build since late September 2013."
"AUD sentiment also improved on similar details as a result of the improvement in global growth expectations, with the net short narrowing to its smallest level since first turning bearish in May 2013."